Ethereum whale activity at 6-year peak – Is $2,650 ETH’s next stop?
Ethereum’s accumulation wave isn’t simply retail-driven – it now has Wall Road behind it!
On-chain knowledge reveals that BlackRock bought $15.46 million value of ETH through Coinbase Prime; a uncommon direct allocation to Ethereum amid a broader surge in accumulator handle exercise.
Supply: CryptoQuant
As highlighted in CryptoQuant’s chart, inflows into long-term holding addresses have exploded to all-time highs, simply as ETH worth begins to stabilize above $2,500.
ETH: Holding the road
ETH confirmed resilience simply above the $2,500 mark, with worth motion holding regular close to the 200-day EMA and the 50-day EMA at press time.
This convergence zone is performing as a powerful help base.
Supply: TradingView
ETH has proven resilience regardless of latest dips, rebounding from intraday lows as patrons step again in.
At press time, the RSI stood at 48.9—technically impartial however tilting barely bearish—indicating potential for upward motion if momentum improves.
With whale accumulation and institutional curiosity gaining traction, a transfer towards the $2,600–$2,650 vary appears to be like achievable, offered ETH holds help above $2,500.
Conversely, a drop under $2,435 may open the door to additional draw back danger.
